xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
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If the financial system is a person, then it splits into three categories:
Id: crypto criminals like Do Kwon, SBF, and so on…
Ego: Bitcoin, Ethereum, and many other cryptos
Superego: banking system, institutional investors and so on...
Superego suppresses Id to a certain degree to produce Ego.
You can see Superego is a "good" guy and Id is a "bad" guy.
So depends on how the good guy interacts with the bad guy, you have a spectrum of crypto.
Even though some crypto does not have their boss, it does not mean they are purely good.
Bitcoin for instance, the creator has never revealed his or her or their identities, do not mean Bitcoin is the ultimate solution.
In contrast, Ethereum's co-founder is not always right, even though his reputation in public seems okay.
The point I am making here is that there is no way to purely judge crypto on what is right or wrong since crypto is relatively dancing between the boundary depending on what you want to measure and its reference.
Rather, you want to check and verify those good guys and bad guys about their intention of using crypto to do something that works for the society as a whole or just to benefit themselves to become an over-night success guy...
Photo by Skye Studios on Unsplash
If the financial system is a person, then it splits into three categories:
Id: crypto criminals like Do Kwon, SBF, and so on…
Ego: Bitcoin, Ethereum, and many other cryptos
Superego: banking system, institutional investors and so on...
Superego suppresses Id to a certain degree to produce Ego.
You can see Superego is a "good" guy and Id is a "bad" guy.
So depends on how the good guy interacts with the bad guy, you have a spectrum of crypto.
Even though some crypto does not have their boss, it does not mean they are purely good.
Bitcoin for instance, the creator has never revealed his or her or their identities, do not mean Bitcoin is the ultimate solution.
In contrast, Ethereum's co-founder is not always right, even though his reputation in public seems okay.
The point I am making here is that there is no way to purely judge crypto on what is right or wrong since crypto is relatively dancing between the boundary depending on what you want to measure and its reference.
Rather, you want to check and verify those good guys and bad guys about their intention of using crypto to do something that works for the society as a whole or just to benefit themselves to become an over-night success guy...
Photo by Skye Studios on Unsplash
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